Consolidation of FS in terms of US GAAP

This query is : Resolved 

06 November 2009 We have subsidaries in US. we consolidate our accounts in terms of Indian GAAP. My question is do we need to prepare consolidated FS in terms of USGAAP just because we got US Subsidiary.
If not , then when an Indian Company has to prepare and present the accounts in terms of US GAAP?

09 November 2009
Its highly appreciable friends, if anyone could help me.



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